"Why owner-operators should consider factoring to fund their business?

Owner-operators have a unique set of challenges when it comes to running their businesses. Not only are they relying on themselves for today’s income Jordan Phillips Jersey , but they want to be able to grow and expand their businesses for the future.

It’s not uncommon for owner-operators to experience cash flow problems. Being out of pocket for small and large expenses can be stressful and distracting, which is why you need funding options that are tailored for your company’s needs.

Running a company can be expensive and as an owner-operator, you will often be faced with urgent expenses such as maintenance, repairs, salaries, and fuel. In addition, you have fixed monthly expenses such as insurance and truck payments that you must pay to keep your business afloat. While you might have enough cash and capital to pay your predetermined monthly expenses, what happens when you need to, for instance, make emergency repairs and you’re still waiting for brokers to pay you?